People Moves: Cboe, State Street, Sifma, Arria NLG, and more

A look at some of the key "people moves" from this week, including Mark Goodey (pictured), who joins Arria NLG as managing director and innovation strategist.

Mark Goodey

Cboe Appoints Stephen Berte as President of Bids Trading

Cboe Global Markets has appointed Stephen Berte as president of its Bids Trading unit. Cboe completed its acquisition of Bids Trading in December 2020. Bids has been the largest block trading alternative trading system (ATS) by volume in the U.S. for the last 65 months. He will lead Bids Trading as an independent business within Cboe Global Markets, reporting into an independent committee of the board of directors of Cboe Global Markets.

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The AI boom proves a boon for chief data officers

Voice of the CDO: As trading firms incorporate AI and large language models into their investment workflows, there’s a growing realization among firms that their data governance structures are riddled with holes. Enter the chief data officer.

If M&A picks up, who’s on the auction block?

Waters Wrap: With projections that mergers and acquisitions are geared to pick back up in 2025, Anthony reads the tea leaves of 25 of this year’s deals to predict which vendors might be most valuable.

Removal of Chevron spells t-r-o-u-b-l-e for the C-A-T

Citadel Securities and the American Securities Association are suing the SEC to limit the Consolidated Audit Trail, and their case may be aided by the removal of a key piece of the agency’s legislative power earlier this year.

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